The dollar hovered around 10-month highs ahead of U.S. jobs data on Friday.» Read More
Traders point to the fact that there is no sign that Europe’s credit markets are beginning to seize up as they did last spring, with banks worrying about each other’s counter-party risk. That’s evident from the fact that there is no spike in LIBOR, the interest rate at which banks borrow unsecured cash from each other on London's wholesale market.
CNBC's Rick Santelli just reported that 100,000 Eurodollar front March futures contracts were sold this morning. That is the largest trade that he can remember in his 31 years in the pits.
As Bernanke faces heat over his policies, which some believe is causing inflation around the world, investors wonder whether the rally will continue, with David Katz, Matrix Asset Advisors; Barry Knapp, Barclays. and CNBC's Guy Johnson.
A mystery is brewing at the European Central Bank, and China is getting some indirect heat. Here's your FXFix for Friday.
In the five-star Westin Hotel in Paris Friday, the world's top central bankers met to discuss the risks facing the global economy in 2011.
The Egyptian military defends the country, but it also runs day care centers and beach resorts. Since the ouster last week of President Hosni Mubarak, of course, the military also runs the government. And some say it has already begun taking steps to protect the privileges of its gated economy, reports the New York Times.
Spanish savings banks, which have been ordered to raise more capital by the government, are facing an uphill struggle to persuade investors to help them improve their balance sheets, reports the New York Times.
The woes of WestLB, which has received $11 billion in taxpayer support since 2009, are symptomatic of a larger problem in the German economy. Many of its biggest banks are still on government life support after making bad lending bets during the bubble years. The New York Times reports.
Investors looking for a pull back are wondering if Tuesday's stock market weakness is the start of a quick sell off, but it may not be.
The British pound had a rough day today, trading down against the dollar and the euro, and these analysts aren't expecting a big upturn any time soon.
The dollar delivers, and the pound takes a pounding. Here's your daily wrap of news getting attention in currency circles.
"While valuations are not yet stratospheric we question where the support may come from for continued earnings growth in 2012 and 2013," Pedro de Noronha, managing partner at Noster Capital in London, said.
European shares were set to edge up Wednesday on optimism for European companies' health as the latest raft of results is released.
Prices are rising in China and Britain, eurozone leaders are talking (and talking), and traders would like Americans to go shopping, already.
European shares are expected to open higher on Tuesday, extending the previous session's 29-month closing high.
Europe gets messier, and the Chinese are (finally) buying someone else's stuff—Here's your FX Fix.
What were some of the worst inflation situations in history and how did they come to be? Click to find out!
Bundesbank president Axel Weber said a lack of political acceptance in the eurozone for his hawkish monetary views had driven his abrupt decision not to run. The FT reports.
Egyptian President Hosni Mubarak's stepping down has kicked off a massive celebration in Egypt, but the unrest there sure isn't helping the euro.
...China takes baby steps and Vietnam dings its dong—again. Here's your FX Fix.